The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-03-15

| 49, NsSSa A1AObnhBC WAth q hhOdcAes OAJ
active and a weak market, with a
more general distribution Of the bust
ness and interest than has been eeen
for some time. There was a marked
disposition TO buy shown by the
foreign houses cary in the day, but
the pre- sure of stocks for sale and the
persistent hammering by the bears
SOON became too much for the wesk
support given 10 prices and general
decline, which affected the entire list
followed The waiting POLICY OF The
advocates of higher prices gave toe
bears an opportunity TO raid the entire
list. The market display ed considerab Q
feverishness, but soon became decid-
eddy weak throughout, while the Bal
timore and OHIO deal still continu ID
to be the principal disturbing element.
The wsakne displayed and rumors
circulated in regard to Hooking Valley
became 4 great factor Ia creating q
bsarish temp@r. The stories circulated
we're to the effect that the company Is
in serious financial difficulty and that
default Is probable at toe next inter
est payment on the g.. Thsre was
considerable talk OF q rsceivership as
well. Richmond and West Point wss
next in order Of weakness, theirs beiEg
very sharp pressure to sell in that
stock. The general list sympathiEed
closely, although its movements were
not 80 wide. The bears used the in
creasing scarcity OF money very freely
as lever to dep'ess values, although
the closing rates we're low. The open
ing this morning WAS decidedly strong
snd the advances over Saturdays
final fsures ranged up TO / per cent.
There were further small gains In the
early trading. but before the end OF
the first fifteen minutes the entire
market was declining under the lead
of Hooking Valley, Richmond and
West Point and Union Pacific. After
the frat hour there was period
OF duilness, but the pressure was
sooR renewed, and tue declining
tendency continued until / o'clock
pm. After tdat time there WAS
fractional rally, which was followed
in turn by the loss of the small gains
recorded. The last hour showed q
much better feeling and ths close was
quiet but firm at small fractions better
than the lowest OF the day. Ths en-.
tire active list is lower this evening,
though the losses are for fractional
amounts only, except for Hooking
Valley, which 10 of a., and Texas
Peci6c per cent. while Morris and
Essex was exceptional in showing q
gain OF IL per cest. Railroad bonds
sympathis2d very closely with shares,
and the market was dull and heavy to
weak throughout the day. Sales TO-
day aggregated $S64,0OO. Hooking
Valley itsues were the only special
features, and while the trading in
them was comparatively light, the
general skies are 7 per cent. lower at !
20, snd oonsols 4, at 70, after selling at |
70. Other important declines COM
prise Baltimore and Ohio fives 1t, at |
ITO. Utah Southern extension fists |
declined q, at 81; Texas Pacific in
come trust receipts 1t, at IL; Mobile
and Ohio firsts dobentures 3, to SO.
The total "a es OF etocks today were |
30l, 2T0 shares, including: Canada
Southern, $500; Delaware, Lsckawanna |
and Western. 23,S00; Erie, 27,525;
Hooking Valley, 12,711; Kansas and |
Texas, E25; Lake Shore, 20,37S; |
Louisville and Nashville, 5000; North.
western, $3.50; New Jersey Central,
1908; Reading, 1890; st. Paul, ~ |
665; Union Pacific, 24,376; Western |
Unisn, 1880. Closing quotations:
sovERxMExrs.
Y 3, IS, 1917. Is, coup, 1881.
us, coup, lvo1f- Pacific % OF 1886, l2e1i.
BONDS.
La. stamps, a, $50. Missouri IS, IsI.
Cent; Fac; lste, ll.M Den x RIG lists. 1854
y, &h. Y. " .lsts,19 Erie 2ds, 98L.
Y x; 1T Gen. $50. North. PaC. 1sts, III.
North. Pao. 2ds, 1861. N. Western con. l3s.
v w est deb. 5s ,lOp. St.L.S.F Gen. 10.
St;Pauf con, l29. St.P Q. &P lsts. 1lS1s.
land grants,Sih. 4; 4. X; G.eE con, n.
J. z. lstS, ll6T. West Shore, 1914
Ienn.6s, set mt, lC6H. Tom. IS, sst'm los.
Tenn. 3s,set'mt, 7SH.
STOCKS.
Adams Express, 142. Morris&E., of'd,1 1870.
Uentl,-. Nashville * c., So.
llton 1. II y, 70. Nd. Central, $50
!. L. H.,ptd.s "; Nor. 4 W .ptd,i7X,
Amerlcan EX., lO9T Northern Pac. ,27I
5. U. Il. -. Northern Pac pfd, $50
,anada Pac., 55Jf C.& NV. ,ll5X
lanada Sou, 57A; ca Nv ptd., l41.
,entrsl Pacific, 36% MY Central, ll2E
,hesapeake a U. IA. NY. ca St.L., l6K.
!. I y. lot ptd, l4H. N.Y.C.&St l.. pfd,T.
iiee e. e r. gtd liz "a S ShS &GH asa IN
!.& .ptd,l60 0.& Miss.pfd s.
i, B. X q 1881. Ontario Il Vest, liz |
!, st, L.. 4 No. Oregon Nav. l0lh.
7, 81; La r. IL; Oregon Trans. 3lH,
. o. L& r Pfd' 30. oregon Imp, ~.
|. 9. 4 c.. So. Pacific Mail, 531<.
!. / T. d, Valley. 2g71. Ps0r a1 i. 4 o., ssX.
'el. Hgd 1907. Pittsburg, 15lH,
'el., L, a " lS. Pullman 2. g., l46h.
Ion. &kio q, 24A. Reading, TM.
RE, 33B. Rock Island. l25k.
rte ptd, 1OT. st. Ia. d ST. 32L
ew East Tenn. ,l2H. st. l.. 4 S.F pfd, IS.
e ewE "a Tenn. Pfd; a. SSt.L. S;F.lstp,il4h.
ort Wayne, 1861 Q. NJ. d St. P, 9l2
/. est St J 81, pfd'-. g.. p, N AN, ia
custom Il T., SO St. Paul 4 o. pId, -. {
linois Central, 1874 Tom. Coal& Iron, Al.
ld., b. a W., %. Texas Pacific, rs.
ansas q IL S0i. Toledo 4 0. Cent ,56
AXE Shore, 81. U. S. Express, g.
on. 4 Nash. 6lT. W., s. L., 4 P, 1879. !
). ! :. i;t H pa, ~. W. +. tx. Ri. '''''
!. u O. seconds. W. U. Tel, 75A.
en-. \ Char; So. Colorado Coal, 81.
ich. Gen., S9X. Home Stake, Is. n
IN. a 81. L., ia. Iron Silver, 200.
in. ST, L. ptd ,l1H.0 Ontario, az.
i5sOukI TAclucslui. QulckellVor, u.
obile Ohio, 15H. Quicksilver pfd, 81. {
E. u; s; W 1874. South. Pacific, -.
'L.S.& W.pfd .lO554. Sutro, %.
LONDON, March 14.-ConsoIs l01 7-16 D
7 money and 101 9-l6 for the account =
nited States bonds, As, 1871; United =
ates bonds, 41J, liz; Atlantic )
ID Great Western frsts, Asst. Bar ell .
,f, 453i per ounce. The Bank OF q
agland gained 100000 bullion on 3
'lsnce today. y
PARIS, March 14.-Three per cent. =
ntes, Slf 45c for the account. -
BANK oLHARINGs. :.
New ORLEANS, March IA -CleariDgs
the banks, 81, 6S5,017. -
CHICAGO, ILL, March l4.-Bank n
earrings today, $40, 1876. 900. n
New YORK, March 14.-Bank clear. s.
g. today, $l25, 2S3,52O; balances, ST. @
1,7S5. Y
BALTIMORE, Nd, March 14-Bank. n